PUC is consolidating, and is posied to test the RM0.25 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.265 and RM0.275. The downside support is projected at RM0.23. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.25

Target: RM0.265, RM0.275 (time frame: 2-4 weeks)

Exit: RM0.23

Source: AmInvest Research - 5 Nov 2020